Broadcast: Accounting and Auditing Update
181 | TSCPA In Person Events | Update | Scheduled
The Accounting and Auditing Update is designed to provide participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in industry.
In addition, our panel of experts will explore the increasingly important issue of Business Fraud, which impacts most businesses, especially smaller businesses that often lack the resources to address issues such as separation of duties. It is precisely these businesses where the CPA is the first line of defense against fraud. Learn how to assess the risk of fraud that is inherent in almost every business and take steps to combat them.
Finally, you will receive a Professional Ethics Update that will address the practical realities, as well as the regulatory requirements of the CPA professional.
|Number of Credits||Type of Credits|
Minimum to intermediate level of auditing experience.
Update of FASB Statements and Interpretations, including;
Private Company Council Activities,
FASB Simplification Initiative,
Implementation Matters for Major FASB Standards,
Select Other ASUs Recently Issued,
Select Projects Under Re-deliberation
Update on Statements on Auditing Standards:
Recently Issued Exposure Drafts
SSARS No. 21, 22 and 23
Projects and Exposure Drafts
Business Fraud Primer and Update
Professional Ethics Executive Committee (PEEC) Update
Review the latest developments at the FASB, AICPA, and other professional bodies impacting accounting and auditing.
- Member (Early Bird)
- Non-Member (Early Bird)
Margie Reinhart, CPA, CFF, CFE
Margie Reinhart, CPA, CFE, is a former Director, Forensic Investigative and Dispute Services in Grant Thornton LLP’s Forensic, Investigative and Dispute Services practice in Dallas, Texas. Margie is currently a principal with her own risk management and forensic accounting firm. Margie has devoted her 19 year career to the multi-facets of forensic investigation, expert services, forensic data analytics, fraud consulting and white collar investigations. She spent over eleven years at a big four accounting firm and over five years running boutique forensic investigation firms. Ms. Reinhart works closely with law firms, government agencies and corporate executives practicing in both the United States and Canada. An accountant, Margie has extensive knowledge of a variety of white-collar civil and criminal matters, including internal corporate and financial fraud investigations. She has conducted and coordinated multifaceted investigations involving construction, retail, manufacturing, fraud against the government, real estate and many other industries. She has testified as a fact and expert witness.Back to Facilitators
Jeffrey D. Mechanick, CPA, CGMA
Jeff Mechanick is Assistant Director—Nonpublic Entities for the Financial Accounting Standards Board (FASB). In that role, he provides strategic and technical oversight of all activities involving nonpublic entities (private companies and not-for-profit organizations (NPOs)), oversees support of the Private Company Council, chairs the FASB’s Not-for-Profit Advisory Committee, and participates in some of the FASB’s broader outreach activities. He has also been the lead staff person for the AICPA/FAF/NASBA Blue-Ribbon Panel on Standard Setting for Private Companies and the FASB/IASB Financial Crisis Advisory Group.
Prior to joining the FASB in 2006, Mr. Mechanick spent a combined twenty years working in and with the not-for-profit sector, as the chief financial officer of Planned Parenthood Federation of America, Inc., and before that, as a senior audit manager with KPMG, LLP. Mr. Mechanick earned a Bachelor of Arts degree in biological sciences from The University of Chicago and an MBA in professional accounting from Rutgers – The State University of New Jersey. He is a member of the AICPA and the New York State Society of CPAs, and has served on the AICPA’s NPO Expert Panel.Back to Facilitators
J. Michael Inzina, CPA, CGFM, CGMA
J. Michael Inzina, CPA, CGFM, CGMA is founder and chief executive officer of Audit Litigation Training and Efficiency Consulting, Inc. (ALTEC), a consulting company serving public accounting firms and other accounting and auditing organizations on matters of audit efficiency, continuing education, litigation and ethics. He has over 40 years of public accounting experience, and remains a partner in the firm of Stagni & Company, LLC, whose practice is concentrated in government and nonprofits organizations. Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976.
He is a member of the American Institute of CPAs, Society of Louisiana CPAs, Government Finance Officers Association of Louisiana, and the Association of Government Accountants. Mike earned the CEA in governmental in 1990, was awarded the Certified Government Financial Manager (CGFM) designation in 1996, and the Chartered Global Management Accountant (CGMA) designation in 2012. He is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs. He has served on a number of committees of the Society of Louisiana CPAs, and currently serves on its Ethics Committee. Mike also served on the GASB Service Efforts and Accomplishments Task Force.
Mike has twice been a member of the AICPA Professional Ethics Executive Committee (1989-1992 and 2000-2003), and served on the Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he also served as a member of AICPA Independence and Behavioral Standards Subcommittee, and as Subgroup Chairman of the Governmental Technical Standards Committee. During this time he conducted numerous investigations of complaints filed by federal, state and local agencies alleging substandard performance of audits of governmental and nonprofit entities, and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board.
He contributed to the Implementation Guide for GASB Statement 34, AICPA Statement of Position 98-3, Audits of States, Local Governments and Not-for-Profit Organizations Receiving Federal Awards, revisions to the AICPA Audit and Accounting Guide, Audits of State and Local Governmental Units, the AICPA Practice Aid Fraud Detection in a GAAS Audit, revisions to the Louisiana Governmental Audit Guide and in drafting state legislation affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development) and as consultant to the Louisiana Department of Education. Mike frequently appears as moderator and panelist on the Accountants’ CPE Network. (ACPEN).
Mike has been named twelve times as an Outstanding Instructor by the American Institute of CPAs and several state societies, and received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994. In addition, he was awarded the 2001 National Education and Training Award from the Association of Government Accountants and in 2009 was named national Beta Alpha Psi Business Information Professional of the Year. In 2016, Mike received the Distinguished Service Award from the Society of Louisiana CPAs.Back to Facilitators
Laura A. Billingsley, CPA, MS Acc, MEd
Laura A. Billingsley, CPA, is a senior technical editor of PPC products for the Tax & Accounting business of Thomson Reuters, in Fort Worth, Texas, where she is responsible for the technical content and annual update of several PPC products, including PPC’s Guide to Compilation and Review Engagements, and PPC’s Checkpoint e-Tools. She is a coauthor of PPC’s Guide to PCAOB Audits, PPC’s Guide to Religious Organizations, and PPC’s Guide to Fraud Risk Assessment: Implementing SAS 99 and Related Guidance.
Before joining PPC, she was a senior audit manager at PricewaterhouseCoopers LLP, where she managed audit, business assurance, and consulting engagements for a wide variety of domestic and international clients.
Ms. Billingsley is a member of the American Institute of Certified Public Accountants. She has a M.S. degree in accounting, a Masters degree in education, and a B.S. degree with a major in mathematics.Back to Facilitators